A bid report is a document that provides information about bids submitted by various vendors or contractors in response to a request for proposal (RFP) or request for quotation (RFQ). The bid report typically includes details about the bid prices, delivery times, product or service specifications, and other terms and conditions. The report is prepared by the procurement team or a dedicated bid manager who evaluates the bids received and makes a recommendation to the decision-makers. The purpose of the bid report is to help the organization make an informed decision on which vendor or contractor to select for the project or product.
Publication date: